Mercedes-Benz Group (OTCMKTS:MBGAF) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Mercedes-Benz Group AG experienced a 53% increase in trading volume, with approximately 58,292 shares traded, reflecting significant investor interest.
• The stock price rose to $64.40, marking a 2.7% increase from the previous close of $63.36.
• The company declared a dividend increase to $4.30 per share, up from $1.63, representing an 8.07% yield for shareholders.
• Mercedes-Benz Group has a market cap of $69.59 billion and operates several segments, including cars and vans under the renowned Mercedes-Benz brand.

Mercedes-Benz Group AG (OTCMKTS:MBGAF - Get Free Report) saw strong trading volume on Friday . 58,292 shares traded hands during trading, an increase of 53% from the previous session's volume of 38,180 shares.The stock last traded at $64.40 and had previously closed at $63.36.

Mercedes-Benz Group Stock Performance

The company has a market cap of $65.38 billion, a PE ratio of 4.61 and a beta of 1.26. The stock's 50-day simple moving average is $59.30 and its 200 day simple moving average is $59.99.

Mercedes-Benz Group Increases Dividend

The business also recently declared a dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 12th were paid a dividend of $4.30 per share. The ex-dividend date was Friday, May 9th. This is a boost from Mercedes-Benz Group's previous dividend of $1.63. This represents a dividend yield of 8.07%.

About Mercedes-Benz Group

Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility segments. The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class brands, as well as related spare parts and accessories.